Peugeot Lines Up Its Next CEO

Appointment Comes as the Car Maker Looks to Attract Investment

PARIS—PSA Peugeot Citroën said it has recruited Carlos Tavares to become its chief executive next year, just as the unprofitable French auto maker is looking to bring in new investors.

Peugeot said Monday it is appointing Mr. Tavares, a Portuguese national and a seasoned automobile executive, to its management board effective Jan. 1, with a view to him succeeding current CEO Philippe Varin during 2014. Mr. Tavares was chief operating...